State of Wisconsin Investment Board taps SimCorp as part of strategic transformation
New York – 17 January, 2025 – SimCorp, a leading global financial technology company, announced today that the State of Wisconsin Investment Board (SWIB) will leverage the SimCorp platform to bring its investment book of record (IBOR) in house while accessing real-time data on its positions and exposures across the organization.
As part of the agreement, SWIB will retire its outsourced IBOR. SWIB will also leverage SimCorp’s Data Management Services, gaining timely market and reference data to simplify data access for all users of the platform.
“Our strategic partnership with SimCorp will support our mission to deliver strong investment returns for the beneficiaries of the Wisconsin Retirement System," said Rochelle Klaskin, Chief Operating Officer at SWIB.
With more than $166 billion in assets under management as of September 2024, SWIB’s implementation marks a significant milestone in SimCorp's expansion within the North American pension sector.
"We are thrilled to see SWIB go live as part of their strategic business transformation,” said Allen Zimmerman, Managing Director, Head of Americas at SimCorp. “This milestone demonstrates our commitment to delivering innovative solutions that meet the evolving needs of our clients. We look forward to continuing our partnership with SWIB to drive further success."
* SimCorp won the award for “Best IBOR (Investment Book of Record) Platform” at the 2024 Buy-side Technology Awards. Hosted by WatersTechnology, the Buy-Side Technology Awards recognize innovative technologies developed to make buy-side institutions operate more efficiently.
About SWIB
The State of Wisconsin Investment Board (SWIB), created in 1951, is an independent state agency responsible for managing the assets of the Wisconsin Retirement System (WRS), the State Investment Fund (SIF), and other state trust funds. As of September 2024, SWIB managed more than $166 billion of total assets. SWIB’s management of the WRS trust funds aims to provide a fully funded public pension for over 691,000 current and former employees of state agencies, the university system, school districts, and most local governments within the State of Wisconsin. The WRS consistently ranks among the 10 largest public pension funds in the U.S. For more information about SWIB, visit www.swib.state.wi.us.
About SimCorp
SimCorp is a provider of industry-leading integrated investment management solutions for the global buy side.
Founded in 1971, with more than 3,500 employees across five continents, SimCorp is a truly global technology leader that empowers more than half of the world’s top 100 financial companies through its integrated platform, services, and partner ecosystem.
SimCorp is a subsidiary of Deutsche Börse Group. As of 2024, SimCorp includes Axioma, the leading provider of risk and management and portfolio optimization solutions for the global buy side.
For more information, see www.simcorp.com.
Media Contact
Søren Rathlou Top
Global PR Manager at SimCorp
+45 31 15 87 06
Srat@simcorp.com
